2016 Analyst Meeting

Scott Ernest AVIATION Forward-looking statement

Certain statements in today’s discussion will be forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.

These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the risks and uncertainties set forth under our full disclosure located at the end of this presentation and included in our SEC filings.

2 Agenda

• Overview

• Accomplishments

• Market

• Product Update

• Defense

• Operations

3 TEXTRON AVIATION Broadest product lineup in the industry

JETS PISTONS DEFENSE

Citation Hemisphere Citation XLS+ King Air 350i/ER Baron G58 AT-6

Citation Longitude Citation CJ4 King Air 250 Bonanza G36 T-6C

King Air C90GTx Scorpion Citation X+ Citation CJ3+ TTx

Denali Turbo Stationair HD Citation Sovereign+ Citation M2

Skylane Grand Caravan EX Citation Latitude Citation Mustang

Caravan Skyhawk 4 TEXTRON AVIATION Fastest product development in the industry

Faster product development Average Development Time • Quicker response to market conditions • Products to customers on time, as expected • Technology customers value • Maximize return

Textron Aviation Other OEMs

Best in class products in half the time

Source: Estimated time from program start to EIS. 5 TEXTRON AVIATION Largest installed base in the industry

Delivered 250,000+ aircraft in 170+ countries

6 TEXTRON AVIATION Most comprehensive service network in the industry

3,300 Service network employees 19 Company-owned service centers 382 Authorized service facilities 60 Mobile Service Units

7 2016 Accomplishments TEXTRON AVIATION 2016 accomplishments

• Citation Longitude first flight

• Citation Latitude strong deliveries

• Denali introduced

• Delivered 5000th Citation Light Jet

• Delivered 7000th Citation

• Scorpion-CRADA / Weapons test

• Vertical integration

9 Market MARKET Investment focus – expanding our reach

Actual Forecast Jets Investing in Longitude & Hemisphere $30

Billions $25 Area of focus $20 Ultra Long Range $15 Large Midsize $10

Value (in USD) 2016 Value (in Light

$5 2021 Segment Size

$0 $9.5B+ 2011 2013 2015 2017 2019 2021 2023 2025 for midsize and large jets

Actual Forecast Turboprops $2.5 Investing in Denali

Billions $2.0 Area of focus

$1.5 Multi-Engine Single Engine $1.0 Utility

Value (in USD) 2016 Value (in 2021 Segment Size $0.5 $700M+ $0.0 2011 2013 2015 2017 2019 2021 2023 2025 for single engine turboprops Investing in new segments Source: Blend of internal, JetNetIQ, Honeywell forecast 11 Product Update PRODUCT UPDATE Expanding our reach

Citation Latitude 2,700 nm EIS 2015

Citation Longitude 3,500 nm First Flight Complete Estimated EIS 2017

Citation Hemisphere 4,500 nm FIRST FLIGHT 2019

13 PRODUCT UPDATE Citation Latitude success

40+ aircraft delivered Over 9,000 fleet hours

14 PRODUCT UPDATE NetJets

7000th Citation delivery ceremony

• Currently operates over 225 Citations • Potential for 200 aircraft

• 7000th Citation delivered to NetJets • 2016 NetJets OEM supplier of the year

15 PRODUCT UPDATE Citation Longitude first flight

16 CITATION LONGITUDE Rapid product development

Summer 2014

Summer 2016

Optimizing facility footprint 17 CITATION LONGITUDE Best in class

Citation Gulfstream Challenger Legacy 500 Longitude 280 350 Range ≥ 3500 nm

Maximum Operating Speed ≥ M0.84

Full Fuel Payload ≥ 1600 lbs

Total DOC < $2000/hr

Quietest cabin in class

EVS & HUD 18 Product Update Citation Hemisphere

Max Range Diameter Ownership Cost 4,500 nm 102 in. Best in class

First flight 2019 19 CITATION HEMISPHERE Best in class

Citation Challenger Gulfstream Falcon Legacy 650 Hemisphere 650 450 2000LXS

Range ≥ 4500 nm

Maximum Operating Speed ≥ M0.90

3-Zone Cabin

Fuselage Diameter ≥ 102 inches

20 CESSNA DENALI Outperforming the competition

Range High Speed Cruise Full Fuel Payload 1,600 nm 285 kts 1,100 lbs 21 CESSNA DENALI Best in class

Cessna Denali Pilatus Daher Piper PC-12 TBM 930 M600

Range ≥ 1600 nm

High Speed Cruise ≥ 285 kts

Full Fuel Payload ≥ 1100 lb

Total DOC < $615/hr

Cabin Width > 60 inches

NOTE: Range with 4 pax at High Speed Cruise 22 PRODUCT UPDATE Wheels Up

• 54 King Air 350i’s in fleet

• 3550+ memberships sold since inception (Fall 2013)

• Over 50% increase y/y in new memberships sold through September

23 Defense and Special Missions DEFENSE & SPECIAL MISSIONS Scorpion program update

• Scorpion (D1) 750+ hours to date

• Successful live fire test

• Pursuing numerous domestic and international sales opportunities

• CRADA agreement signed – “Non-DOD Military Aircraft Airworthiness Accreditation” program – Process underway

Scorpion-versatile, capable & cost effective 25 DEFENSE & SPECIAL MISSIONS Special Missions

• Single-engine & multi-engine aircraft are favored platforms – Cost-effective solutions

• ISR missions are the largest opportunity for Textron Aviation special missions – 40% of SM aircraft are ISR configurations

– Border and maritime patrol

– Counterterrorism

– Economic exclusionary zones

26 Operations Operations Vertical integration in manufacturing

Assembly Composites

Fabrication Interiors 28 TEXTRON AVIATION Summary

• New products drive growth

• Investing in our products, service and people

• Best-in-class product development capability

• World-class manufacturing

29 TEXTRON AVIATION Questions

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